‘Renewable industry needs policy push’

‘Renewable industry needs policy push’

Industry players call for new funding avenues

While India remains one of the most attractive markets when it comes to renewable energy, the industry needs a better regulatory environment and clarity on policies, industry players argued at the CII partnership summit in Mumbai on Sunday.

“I think renewables is one industry in India where you have tariff capping coupled with reverse auction,” said Sindoor Mittal, Vice-Chairperson, Avaada Group. She said it is time the government goes back to closed auctions of renewable energy projects as the space is competitive enough to get best tariffs.

Industry players also said the confusion around GST slabs for solar, which was clarified by the Goods and Services Tax (GST) Council only in the end of last year, had impacted the industry. Read More

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